Location Incentive

2019 KOFIC Location Incentive for Foreign Audio-visual Works

UP TO 25% CASH REBATE on production costs spent in KOREA
Any project spending more than 100 million KRW (approx. 100K USD) is eligible to apply. Experience KOFIC’s incentive program!
For more details Download the guidelines

Up to 25% Cash Rebate on Costs

KOFIC offers up to 25% cash rebate on foreign audio-visual works production expenditures incurred for goods and services in Korea.
The grant amount shall be determined by taking into account the remaining grant program budget on the date of the application.

Eligible Works

Feature films, television series and documentaries produced by a foreign production company,
in which the allocation of foreign capital in the production cost exceeds 80%. Eligible works must satisfy the following requirements

20~25% Cash Rebate on eligible cost

25% : Shoot no less than 10 days and spend no less than 2 billion KRW (approx. 2 million USD) in Korea

20% : Shoot no less than 3 days and spend 100 million ~2 billion KRW (approx. 100K~2million USD) in Korea

Must receive approval from the Review Committee who will evaluate the following three elements

(1) the degree to which the work promotes tourism ("tourism expansion")

(2) the degree to which the work contributes to the Korean film industry ("quantitative contribution")

(3) the extent to which the foreign producer participates in the production of the work ("foreign engagement")

Eligible Applicants

Any corporation organized and registered as a business in Korea

Application Process

Provisional application

The applicant submits the provisional application together with support documents. The Review Committee evaluates the provisional application and decides on the
eligibility and the provisional grant amount, if any. Finally, KOFIC, after deliberating upon the Reniew Committee's evaluation results,
makes the final decision and notifies the applicant.

1.5 month

Entering into an agreement

KOFIC and the recipient enter into a grant agreement

within 1 year

Final application

The recipient submits the final application, the audited expenditure statement,
and other support documents, and the Review Committee makes the final decision on the eligibilty and the final grant amount.

1.5~2 months

Payment of grant

KOFIC deliberates on the final evaluation results of the Review Committee and makes the payment to the applicant.